Going Down, Good and Hard

European GDP Takes a NoseDive – Points and Figures | Points and Figures

EU GDP drops huge.  In 2012, they didn’t have a single quarter of growth.

The EU is on the road to persistent economic contraction.

The road “to” economic contraction? Given that they’ve been contracting for the past year, it sounds to me as if they are already there.

And here is a characteristic of death spirals: They don’t move at a constant, predictable speed. Instead, they spiral out of control.

Consider Europe a living, breathing example of an economic/ideological slippery slope.

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About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.


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